Is Aldeyra Stock a Good Investment?
Aldeyra Investment Advice | ALDX |
- Examine Aldeyra's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Aldeyra's leadership team and their track record. Good management can help Aldeyra navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Biotechnology space and any emerging trends that could impact Aldeyra's business and its evolving consumer preferences.
- Compare Aldeyra's performance and market position to its competitors. Analyze how Aldeyra is positioned in terms of product offerings, innovation, and market share.
- Check if Aldeyra pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Aldeyra's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Aldeyra stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Aldeyra is a good investment.
Sell | Buy |
Sell
Market Performance | Very Weak | Details | |
Volatility | Slightly risky | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Aldeyra Stock
Researching Aldeyra's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 62.0% of the company shares are held by institutions such as insurance companies. The book value of Aldeyra was presently reported as 1.43. The company recorded a loss per share of 0.75. Aldeyra had not issued any dividends in recent years.
To determine if Aldeyra is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Aldeyra's research are outlined below:
| Aldeyra generated a negative expected return over the last 90 days | |
| Aldeyra has high historical volatility and very poor performance | |
| Net Loss for the year was (37.54 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Aldeyra currently holds about 163.83 M in cash with (30.33 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.8. | |
| Aldeyra has a frail financial position based on the latest SEC disclosures | |
| Roughly 62.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: Aldeyra Therapeutics Refiles NDA for Innovative Dry Eye Drug Reproxalap |
Aldeyra Quarterly Liabilities And Stockholders Equity |
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Aldeyra uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Aldeyra. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Aldeyra's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 14th of March 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Aldeyra's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Aldeyra's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-05-02 | 2024-03-31 | -0.11 | -0.14 | -0.03 | 27 | ||
2021-08-05 | 2021-06-30 | -0.24 | -0.28 | -0.04 | 16 | ||
2020-11-05 | 2020-09-30 | -0.27 | -0.23 | 0.04 | 14 | ||
2018-05-15 | 2018-03-31 | -0.39 | -0.43 | -0.04 | 10 | ||
2018-03-29 | 2017-12-31 | -0.32 | -0.36 | -0.04 | 12 | ||
2017-08-07 | 2017-06-30 | -0.39 | -0.35 | 0.04 | 10 | ||
2014-11-10 | 2014-09-30 | -0.32 | -0.36 | -0.04 | 12 | ||
2017-11-09 | 2017-09-30 | -0.37 | -0.32 | 0.05 | 13 |
Know Aldeyra's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Aldeyra is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Aldeyra backward and forwards among themselves. Aldeyra's institutional investor refers to the entity that pools money to purchase Aldeyra's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Wells Fargo & Co | 2024-06-30 | 395.3 K | Northern Trust Corp | 2024-09-30 | 388.6 K | Pfg Investments, Llc | 2024-09-30 | 386.4 K | Bank Of America Corp | 2024-06-30 | 378.5 K | D. E. Shaw & Co Lp | 2024-06-30 | 321.9 K | Deutsche Bank Ag | 2024-06-30 | 300.4 K | Johnson & Johnson | 2024-06-30 | 299.7 K | International Assets Investment Management, Llc | 2024-09-30 | 287.3 K | Two Sigma Advisers, Llc | 2024-06-30 | 282.9 K | Perceptive Advisors Llc | 2024-09-30 | 9.3 M | Knoll Capital Management Lp | 2024-06-30 | 5.5 M |
Aldeyra's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 288.82 M.Market Cap |
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Aldeyra's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.25) | (0.27) | |
| Return On Capital Employed | (0.34) | (0.36) | |
| Return On Assets | (0.25) | (0.27) | |
| Return On Equity | (0.31) | (0.30) |
Determining Aldeyra's profitability involves analyzing its financial statements and using various financial metrics to determine if Aldeyra is a good buy. For example, gross profit margin measures Aldeyra's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Aldeyra's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Aldeyra's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Aldeyra. Check Aldeyra's Beneish M Score to see the likelihood of Aldeyra's management manipulating its earnings.
Evaluate Aldeyra's management efficiency
Aldeyra has return on total asset (ROA) of (0.2345) % which means that it has lost $0.2345 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.4305) %, meaning that it created substantial loss on money invested by shareholders. Aldeyra's management efficiency ratios could be used to measure how well Aldeyra manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.27 in 2024. Return On Capital Employed is likely to drop to -0.36 in 2024. At this time, Aldeyra's Non Currrent Assets Other are fairly stable compared to the past year. Other Assets is likely to rise to about 5.4 M in 2024, whereas Total Assets are likely to drop slightly above 78.6 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 2.03 | 2.13 | |
| Tangible Book Value Per Share | 2.03 | 2.13 | |
| Enterprise Value Over EBITDA | (2.26) | (2.38) | |
| Price Book Value Ratio | 1.73 | 1.62 | |
| Enterprise Value Multiple | (2.26) | (2.38) | |
| Price Fair Value | 1.73 | 1.62 | |
| Enterprise Value | 250.4 M | 262.9 M |
Management at Aldeyra focuses on leveraging technology and optimizing operations. We evaluate the impact of these focuses on the company's financial health and stock performance.
Beta 1.432 |
Basic technical analysis of Aldeyra Stock
As of the 23rd of November, Aldeyra shows the mean deviation of 2.82, and Risk Adjusted Performance of 1.0E-4. Aldeyra technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Aldeyra's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Aldeyra insiders, such as employees or executives, is commonly permitted as long as it does not rely on Aldeyra's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Aldeyra insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Aldeyra's Outstanding Corporate Bonds
Aldeyra issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Aldeyra uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Aldeyra bonds can be classified according to their maturity, which is the date when Aldeyra has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand Aldeyra's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Aldeyra's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 1.0E-4 | |||
| Market Risk Adjusted Performance | (0.02) | |||
| Mean Deviation | 2.82 | |||
| Coefficient Of Variation | (9,665) | |||
| Standard Deviation | 3.88 | |||
| Variance | 15.03 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (0.03) | |||
| Maximum Drawdown | 22.45 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 6.69 | |||
| Skewness | 0.0837 | |||
| Kurtosis | 2.3 |
| Risk Adjusted Performance | 1.0E-4 | |||
| Market Risk Adjusted Performance | (0.02) | |||
| Mean Deviation | 2.82 | |||
| Coefficient Of Variation | (9,665) | |||
| Standard Deviation | 3.88 | |||
| Variance | 15.03 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (0.03) | |||
| Maximum Drawdown | 22.45 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 6.69 | |||
| Skewness | 0.0837 | |||
| Kurtosis | 2.3 |
Consider Aldeyra's intraday indicators
Aldeyra intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Aldeyra stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Aldeyra Corporate Filings
8K | 18th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 14th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 7th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
F4 | 21st of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
Aldeyra Stock media impact
Far too much social signal, news, headlines, and media speculation about Aldeyra that are available to investors today. That information is available publicly through Aldeyra media outlets and privately through word of mouth or via Aldeyra internal channels. However, regardless of the origin, that massive amount of Aldeyra data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Aldeyra news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Aldeyra relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Aldeyra's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Aldeyra alpha.
Aldeyra Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Aldeyra can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Aldeyra Corporate Management
| David Burke | Head Relations | Profile | |
| Michael Alfieri | Principal Officer | Profile | |
| Kelly Mizer | Vice Operations | Profile | |
| Laura Nichols | Operations Manager | Profile |
Already Invested in Aldeyra?
The danger of trading Aldeyra is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Aldeyra is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Aldeyra. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Aldeyra is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additional Tools for Aldeyra Stock Analysis
When running Aldeyra's price analysis, check to measure Aldeyra's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aldeyra is operating at the current time. Most of Aldeyra's value examination focuses on studying past and present price action to predict the probability of Aldeyra's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aldeyra's price. Additionally, you may evaluate how the addition of Aldeyra to your portfolios can decrease your overall portfolio volatility.